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Selected accounts follow of Marigold Limited at December 31, 2020:

Finished Goods Inventory		$157,000		Cost of Goods Sold		$4,000,000
Unearned Revenue		109,000		Notes Receivable		51,000
Bank Overdraft		8,300		Accounts Receivable		231,000
Equipment		373,000		Raw Materials Inventory		297,000
Work-in-Process Inventory		42,000		Supplies Expense		61,000
Cash		62,000		Allowance for Doubtful Accounts		28,000
FV-NI Investments		37,000		Intangible AssetsTrade Names		34,000
Interest Payable		40,000		Contributed Surplus		18,000
Restricted Cash (for Plant Expansion)		62,000		Common Shares		334,000

The following additional information is available:

1.		Inventory is valued at the lower of cost and net realizable value using FIFO.
2.		Equipment is recorded at cost. Accumulated depreciation, calculated on a straight-line basis, is $61,600.
3.		The FV-NI investments have a fair value of $40,000.
4.		The notes receivable are due April 30, 2021, with interest receivable every April 30. The notes bear interest at 6%. (Hint: Accrue interest due on December 31, 2020.)
5.		The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $62,000 are pledged as collateral on a bank loan.
6.		Intangible AssetsTrade Names are reported net of accumulated amortization of $26,000.
7.		The bank overdraft is at the same bank as the amount reported above under Cash.

(a) Prepare the current assets section of Marigold Limiteds statement of financial position as at December 31, 2020. (List Current Assets in order of liquidity.)

Marigold Limited Statement of Financial Position choose the accounting period December 31, 2020For the Month Ended December 31, 2020For the Year Ended December 31, 2020
Current Assets
select a balance sheet item Supplies ExpenseCashUnearned RevenueNotes ReceivableCost of Goods SoldEquipmentCash Restricted for Plant ExpansionContributed SurplusRaw MaterialsTrade NamesInterest PayableAllowance for Doubtful AccountsWork-in-ProcessBank OverdraftFV - NI InvestmentsAccounts ReceivableInventoryInterest ReceivableCommon SharesFinished Goods		$enter a dollar amount
select between addition and deduction LessAdd: select a balance sheet item FV - NI InvestmentsSupplies ExpenseTrade NamesAccounts ReceivableUnearned RevenueRaw MaterialsBank OverdraftEquipmentInventoryContributed SurplusNotes ReceivableCashCash Restricted for Plant ExpansionWork-in-ProcessInterest ReceivableFinished GoodsAllowance for Doubtful AccountsCost of Goods SoldCommon SharesInterest Payable		enter a dollar amount		$enter a subtotal of the two previous amounts
select a balance sheet item CashUnearned RevenueCash Restricted for Plant ExpansionSupplies ExpenseAllowance for Doubtful AccountsCost of Goods SoldInterest PayableBank OverdraftFV - NI InvestmentsWork-in-ProcessTrade NamesNotes ReceivableAccounts ReceivableFinished GoodsContributed SurplusInventoryRaw MaterialsInterest ReceivableCommon SharesEquipment				enter a dollar amount
select a balance sheet item Common SharesCost of Goods SoldFinished GoodsInterest ReceivableInterest PayableContributed SurplusCashRaw MaterialsAccounts ReceivableEquipmentWork-in-ProcessAllowance for Doubtful AccountsUnearned RevenueSupplies ExpenseInventoryTrade NamesNotes ReceivableFV - NI InvestmentsBank OverdraftCash Restricted for Plant Expansion		enter a dollar amount
select between addition and deduction AddLess: select a balance sheet item FV - NI InvestmentsSupplies ExpenseAccounts ReceivableBank OverdraftInterest ReceivableCash Restricted for Plant ExpansionContributed SurplusWork-in-ProcessNotes ReceivableEquipmentInventoryCost of Goods SoldRaw MaterialsInterest PayableAllowance for Doubtful AccountsFinished GoodsCashTrade NamesCommon SharesUnearned Revenue		enter a dollar amount		enter a subtotal of the two previous amounts
select a balance sheet item Bank OverdraftInventoryCommon SharesUnearned RevenueCash Restricted for Plant ExpansionAllowance for Doubtful AccountsFinished GoodsRaw MaterialsEquipmentWork-in-ProcessCost of Goods SoldTrade NamesCashNotes ReceivableSupplies ExpenseAccounts ReceivableContributed SurplusFV - NI InvestmentsInterest PayableInterest Receivable				enter a dollar amount
select a balance sheet item CashUnearned RevenueNotes ReceivableCash Restricted for Plant ExpansionSupplies ExpenseWork-in-ProcessFV - NI InvestmentsContributed SurplusCommon SharesInterest PayableCost of Goods SoldAllowance for Doubtful AccountsRaw MaterialsAccounts ReceivableFinished GoodsTrade NamesEquipmentBank OverdraftInterest ReceivableInventory				enter a dollar amount
select an opening subsection name Trade NamesSupplies ExpenseCash Restricted for Plant ExpansionNotes ReceivableFinished GoodsCost of Goods SoldCommon SharesContributed SurplusEquipmentInterest PayableCashAccounts ReceivableUnearned RevenueFV - NI InvestmentsBank OverdraftWork-in-ProcessAllowance for Doubtful AccountsInterest ReceivableInventoryRaw Materials
select a balance sheet item Raw MaterialsInterest ReceivableFinished GoodsEquipmentSupplies ExpenseAccounts ReceivableAllowance for Doubtful AccountsCashTrade NamesCost of Goods SoldCash Restricted for Plant ExpansionBank OverdraftCommon SharesContributed SurplusWork-in-ProcessInterest PayableNotes ReceivableFV - NI InvestmentsUnearned Revenue		enter a dollar amount
select a balance sheet item Supplies ExpenseWork-in-ProcessUnearned RevenueAccounts ReceivableEquipmentInterest ReceivableNotes ReceivableCost of Goods SoldAllowance for Doubtful AccountsInterest PayableRaw MaterialsCashContributed SurplusFinished GoodsCommon SharesFV - NI InvestmentsBank OverdraftTrade NamesCash Restricted for Plant Expansion		enter a dollar amount
select a balance sheet item Contributed SurplusFinished GoodsRaw MaterialsCash Restricted for Plant ExpansionSupplies ExpenseEquipmentNotes ReceivableFV - NI InvestmentsAllowance for Doubtful AccountsTrade NamesAccounts ReceivableWork-in-ProcessCommon SharesCost of Goods SoldBank OverdraftInterest ReceivableCashUnearned RevenueInterest Payable		enter a dollar amount
				enter a subtotal of the three previous amounts
Total Current Assets				$enter a total amount for this section

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